Thursday, 24 July 2014
Last updated 2 hours ago
Apr 27 2011 | 9:06am ET
New York-based Camac Partners has launched its first hedge fund, a global special situations vehicle. The new fund invests in several asset classes and seeks to “uncover situations that have a severe lack of competition, coupled with indiscriminate selling,” according to a source close to the firm.
The fund was started by Eric Shahinian, who most recently served as an analyst at Kingstown Capital, an $800 million special situations fund founded by a former Gotham Capital portfolio manager. Shahinian began his hedge fund career as an intern at The Baupost Group, which is now a $20 billion value hedge fund.
The new fund has a three year lockup and charges a management fee of 1% and performance fee of 20%. The fund may hold a significant cash balance in the absence of compelling investment opportunities. Seward and Kissel is serving as the legal advisor for the fund and BTIG is its prime broker.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…